Funding you earn now, next payment 00:00 UTC+0.0347%/8h= +38.0% APRpaid last 24h +0.137%
Price spread now: Kraken Futures against Gate+0.056%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$670.673% of the position
Funding, last 7 days+0.224%+$22 on $10k
+Price spread, last 3 days (all we have)+0.035%+$3 · spread now +0.056%, 7d avg +0.088%
=Funding pays, the price is against you. Kraken Futures is 0.032% cheaper against Gate than usual: you would sell low and buy high (spread +0.056% now, against its 7-day average of +0.088%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.224% in total) that is about 24 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.224% in total (about 11.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TAO_USDT | 313.80 | 0.0100 | pay 0.0050% / 4h | 48m 46s | $12.5M | $48.8M | 50x |
| Short | Kraken Futures PF_TAOUSD | 313.97 | 0.0447 | get 0.0056% / 1h | 48m 46s | $5.8M | $19.8M | 50x |
Gate TAO_USDT
Kraken Futures PF_TAOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $72.96
- Price spread: +0.056% → +0.088%
- −$3.24
- Slippage, 4 orders
- −$42.28
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $2.44
- Costs to cover
- 0.673%
- Break-even
- 6.8 days
Slippage from Gate: live order book, 5 min ago; Kraken Futures: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Gate live order book, 5 min ago | 1.60 bp | 19.6 bp −$20 | 41.7 bp −$417 | 60.8 bp −$6,077 | 97.7 bp −$48.8K |
| Sell Kraken Futures live order book, 5 min ago | 8.81 bp | 15.2 bp −$15 | 34.8 bp −$348 | 111.7 bp −$11.2K | doesn't fit |
TAO on 43 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.4722% | 1h | 314.01 | +0.067% | $168K | $48K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 313.68 | −0.038% | $125K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 313.65 | −0.049% | $21K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 314.39 | +0.188% | $23K | $260 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 313.14 | −0.210% | $40K | $549K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 313.65 | −0.048% | $371K | $372K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 313.59 | −0.067% | $88.8M | $421.9M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 313.51 | −0.092% | $61.3M | $123.2M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 313.40 | −0.127% | $25.2M | $99.9M | 50x | as long as short |
| Gate TAO_USDTlong | +0.0100% | 4h | 313.80 | long leg | $12.5M | $48.8M | 50x |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAPShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 313.62 | −0.057% | $120.9M | $126.3M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 313.62 | −0.057% | $19.1M | $27.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.41 | −0.124% | $35.1M | $46.2M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 314.01 | +0.067% | — | $30.3M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 313.44 | −0.115% | $41K | $280K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 314.12 | +0.101% | $519K | $950K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 313.37 | −0.137% | $47K | $269K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 313.79 | −0.003% | $60K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 313.70 | −0.032% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.02 | +0.070% | $128K | $394K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 313.79 | −0.003% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 314.00 | +0.064% | $172K | $998 | 3x | as long as short |
| Polymarket Perps TAO-USD | +0.0105% | 1h | 313.49 | −0.099% | $77K | $524K | 5x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 313.28 | −0.166% | $959 | $536K | 5x | as long as short |
| Bullet TAO-USD | +0.0134% | 1h | 313.88 | +0.024% | $11K | $17K | 20x | as long as short |
| Variational Omni TAO | +0.0173% | 4h | 313.59 | −0.068% | $3.8M | $6.9M | — | as long as short |
| Paradex TAO-USD-PERP | +0.0186% | 8h | 313.51 | −0.093% | $14K | $1K | 10x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 313.92 | +0.038% | $83K | $626K | 5x | as long as short |
| Aster TAOUSDT | +0.0212% | 4h | 313.73 | −0.021% | $1.1M | $7.8M | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 314.07 | +0.086% | $4.3M | $9.8M | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0391% | 1h | 313.90 | +0.032% | $19K | $1.4M | 25x | as long as short |
| Kraken Futures PF_TAOUSDshort | +0.0447% | 1h | 313.97 | +0.056% | $5.8M | $19.8M | 50x | |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0476% / S −0.0175% | 1h | 313.59 | −0.067% | $449K | — | 100x | as long as short |
| Nado TAO-PERP | +0.0496% | 1h | 313.12 | −0.217% | $838K | $2.0M | 10x | as long as short |
| Phoenix TAO | +0.0537% | 1h | 312.70 | −0.351% | $334K | $521K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0575% | 1h | 314.22 | +0.134% | $301K | $798K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 313.38 | −0.134% | $360 | — | 20x | as long as short |
| Extended TAO-USD | +0.0824% | 1h | 313.94 | +0.045% | $864K | $2.1M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0840% | 1h | 313.52 | −0.089% | $3K | $4K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 314.34 | +0.172% | $1.5M | $5.7M | 50x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 313.37 | −0.139% | $431K | $536K | 5x | as long as short |
| Lighter TAO | +0.1544% | 1h | 313.95 | +0.048% | $1.6M | $5.8M | 5x | as long as short |
| Hyperliquid TAO | +0.2182% | 1h | 314.58 | +0.249% | $98.5M | $82.8M | 5x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Polymarket Perps TAO-USD
Katana Perps TAO-USD
Bullet TAO-USD
Variational Omni TAO
Paradex TAO-USD-PERP
Arcus TAO-USD
Aster TAOUSDT
BloFin TAO-USDT
Deribit TAO_USDC-PERPETUAL
GMX TAO/USD [WBTC.b-USDC]
Nado TAO-PERP
Phoenix TAO
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
Extended TAO-USD
01 Exchange TAOUSD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO